Vision Marine Technologies Inc. (NASDAQ: VMAR) Partners with Leading Florida Boat Rental in Win-Win-Win Expansion

  • VMAR is expanding its clean-energy boating solution with the opening of a boat-rental location in Florida
  • The partnership with Blue Water Boat Rentals calls for the launch of an e-boat rental operation in Riviera Beach
  • The location will offer year-round services, providing uninterrupted fleet and prototype operations

In a world focused on sustainability and clean energy, Vision Marine Technologies (NASDAQ: VMAR) is making a difference on the water. A global leader in the electric recreational boating industry, Vision Marine is pioneering the clean-energy transition in the marine space. Most recently, the company expanded its clean-energy boating solution with the opening of a boat-rental location in Florida.

Vision Marine, which develops and offers 100% electric boats, outboard motors and technology, has partnered with Blue Water Boat Rental in Riviera Beach, Florida (https://ibn.fm/RZvap). Blue Water Boat Rental is a leader in internal combustion engine boat rentals, and this collaboration with Vision Marine is a game-changer for boat lovers.

“It would be an understatement to say we are excited about our partnership with Vision Marine,” said Blue Water Boat Rentals CEO Mark Pollio. “Many have given thought to the idea of how electric propulsion would work, but Vision Marine has actually developed and produced the technology that made this idea a reality. How cool is it that people will be able to put this exciting technology through its paces before buying their own electric outboard or boat? I knew after seeing their operations on the West Coast, as well as getting to better know the people behind the innovation, that this partnership is going to be a win-win-win situation for Blue Water, Vision Marine and our mutual customers.”

The collaboration calls for the opening of an e-boat rental operation in Riveria Beach located near Peanut Island, which had more than 9.1 million visitors last year. The location, which is scheduled to open its doors this month, will offer year-round services, providing uninterrupted fleet and prototype operations, ideal for VMAR’s expansion plans and technological advancements.

“Our partnership in Riviera Beach is a testament to our dedication to ecofriendly marine practices, marking a significant shift from gas-powered to electric boats,” the company stated. “By combining our state-of-the-art electric propulsion technology with the operational expertise of Blue Water Boat Rental, we are redefining the standards in the marine-rental industry.

“Furthermore, this rental operation will serve as a vital hub for showcasing the 180E E-Motion(TM) Powertrain to potential customers and for ongoing development and testing of this innovative technology,” the statement continued. “This approach is expected to enhance sales growth and provide invaluable feedback for the continuous improvement of our electric marine powertrain technologies.”

Vision Marine has unveiled a range of popular boat brands, now outfitted with the innovative 180E E-Motion(TM) Powertrain. Customers now have an array of choices, from center console boats to bowriders and pontoons. In addition, classic models such as Fantails, Volts and Vision Pontoons will also be available. “Our aim is to grow our fleet to 25 diverse boats, blending high-performance E-Motion(TM)-equipped models with our traditional offerings, thereby showcasing the unique versatility and innovation of Vision Marine,” the company said.

Vision Marine Technologies is committed to be a guiding force for change and an ongoing driving factor in fighting the problems associated with waterway pollution by disrupting the traditional boating industry with electric power, in turn directly contributing to zero pollution, zero emission and a noiseless environment. VMAR’s flagship E-Motion(TM) 180E electric marine powertrain is the first fully electric, purpose-built outboard powertrain system that combines an advanced battery pack, inverter and high-efficiency motor with proprietary union assembly between the transmission and the electric motor design utilizing extensive control software.

For more information, visit the company’s website at www.VisionMarineTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at https://ibn.fm/VMAR

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